7 Major Types of Business Risks and Strategies to Mitigate Them

Financial Risk Management

Small and medium-sized businesses (SMBs) in the United States face a variety of risks.  Understanding these risks and how to mitigate them is crucial for business success and sustainability.  Let’s delve into seven major types of business risks that SMBs often encounter:   1.  Economic Risk Economic risk refers to the potential impact that changes […]

The Cost-Effective Solution:  Save Money and Boost Efficiency with a Fractional CFO

Fractional CFO Services

Introduction to Fractional CFOs A Fractional Chief Financial Officer (CFO) is an experienced financial professional who offers his or her services to businesses on a part-time or contract basis. This flexible arrangement makes top-tier financial expertise accessible to businesses that might not have the resources to hire a full-time CFO. Fractional CFOs wear many hats […]

Outsourcing Finance vs Inhouse Finance for SMEs: The Role of Fractional CFOs

outsourced cfo services

In the intricate world of business, Small and Medium-sized Enterprises (SMEs) are continually on the lookout for strategies to streamline operations and enhance profitability. Among the various facets that contribute to a business’s success, financial management is a key player. The question often arises: should SMEs manage their finances in-house or outsource them? This detailed […]

What’s the difference between financial accounting and management accounting?

Financial accounting vs management accounting

You’re running a business, so you know the legal requirements around producing accounts and submitting tax returns. But do you truly know WHY you’ve engaged an accountant? And do you understand the value that a good accountant and business adviser can add to your company? As a business owner, managing director or CEO, there are […]

The Entrepreneurs Guide to Taxes and Stay on the Right Side of the IRS

Outsourced accountants for small business

As an entrepreneur, you know how to innovate. As an expert in your field, you’re driven, curious and tenacious. You know how to get the job done. But do those same qualities persist when it comes to your business accounting? While businesses fail for all sorts of reasons, poor accounting doesn’t have to be one […]

A strong strategy is the heart of your successful business

Business strategy

Businesses that have clear objectives or goals, robust accountability and a shared sense of purpose should always outperform those that just show up and go through the motions. Strategy lies at the heart of most successful businesses. To achieve this you need to resource and execute with a clear purpose. Few businesses have a strategic […]

How an accountant supports your business development

accountants for business growth

As your accountant, we won’t just look after the financial side of your business, we can also advise you on the strategic side of your company, including the importance of business development as vital part of your growth plan. Business development (BD) is what helps your company move from slow, organic growth to fast-paced, hypergrowth. […]

Cash is not profit and vice versa

The purpose of a business is to make money, and that means you need to know the difference between profit and cash flow. Net profit is what you have left after you deduct all your business expenses from all your revenue. You can improve net profit only by changing the things that affect revenue and […]

The Importance of goodwill in your business

Goodwill in accounting refers to the intangible value that a company can hold, above and beyond the pure financial value of its assets. This covers areas like brand reputation, intellectual property, and both external and internal relationships. A business that can show its goodwill in the marketplace is actually worth more – both intangibly and […]

5 Benefits of Outsourcing Your Business Accounting

Outsourcing Accounting

If you’re an entrepreneur, you know how important it is to manage your finances properly. But what many business owners struggle to figure out is whether or not they should hire in-house accounting or outsource staff to do their finances. We’ve been there, too. Making important decisions about the financial inner-workings of your hard-earned company […]